Estate Planning Attorney in Arlington, Virginia
Estate planning is the process of planning for your own incapacity or passing, preparing documents to outline how you (in the case of incapacity) and your family should be cared for, how your assets should be handled, and who will be entitled to handle those decisions and your assets. Most people think estate planning is for people in later stages of life, but it is beneficial for the entire family. Whether you need to name a guardian for a minor or you need to create a will, everyone should have a plan for the future. At Epting Law, PLLC, estate planning attorney Kyle Epting will help you create a plan that works best for your family's needs. If you are in the areas of Arlington, Alexandria, Fairfax, Virginia, or Washington, D.C., schedule a free consultation today.
Estate Planning Services for You
Estate plans, at a minimum, should include a last will and testament, advance medical directive/medical power of attorney, and financial power of attorney. Here is how Attorney Kyle Epting can help you protect your belongings.
A last will and testament is a document that outlines how your assets and property should be handled after your passing, and names an individual to carry out your wishes. If you pass without a will, the laws of the state will determine who gets your assets, which may or may not be the people you wish to inherit your estate.
Advance Medical Directive & Power of Attorney
An advance medical directive/medical power of attorney is a document that states your wishes for your medical care if you become unable to make the decisions for yourself and names an agent to carry out those wishes and make medical decisions for you that are not specifically listed in the document. A financial power of attorney names an agent to manage your finances and other assets in the event you become incapacitated or simply desire someone else to make those decisions for you.
If you need to discuss your estate planning needs, get in contact with Attorney Kyle Epting at Epting Law, PLLC. He serves the areas of Arlington, Alexandria, Fairfax, Virginia, and Washington, D.C. Reach out today to schedule a free consultation. He can talk to you in person, over the phone, or through a video call.
More advanced estate planning can include a trust. Trusts are useful for individuals with substantial assets because trusts do not have to go through the probate process with the court. Probate can be a costly process, and requires filing your will with the court and making regular reports to the court about the administration, which means your business will be public.
Trusts are also much more flexible than basic wills, meaning you can set up a more complicated rule structure for how assets are handled. For example, with a simple will, assets will be given to children immediately when they reach adulthood. Often it is not a good idea to deliver substantial financial assets to an eighteen-year-old who is not mature enough to handle large sums of money. With a trust, you can set rules for when the beneficiary can receive the assets; for example, allowing the trustee to make financial decisions to benefit the beneficiary until they reach an older age, and then giving the assets to the beneficiary when they are old enough to make responsible decisions. To learn more about what course of action is right for you, get in touch with Epting Law, PLLC today.
Building a Future for Your Family
No matter what your estate planning needs are, Attorney Kyle Epting from Epting Law, PLLC is here to help your family create a reliable plan. Contact Kyle today in Arlington, Virginia, to schedule your free consultation. He also helps those in Alexandria, Fairfax, Virginia, and Washington, D.C.